The majority of the US House of Representatives voted in favor of a funding bill to reopen the government on Wednesday night after a record 42-day shutdown, sending the continuing resolution to President Donald Trump’s desk for his signature.
It looked like the government would remain shut down for the foreseeable future before a group of Senate Democrats and a majority of Senate Republicans voted in favor of the roughly three-month funding measure late Sunday, giving up their key demands to end the shutdown but forcing a (failed) vote on Affordable Care Act subsidies. The prolonged shutdown halted the US government’s progress on cryptocurrency, but lawmakers have signaled efforts to continue working on legislation affecting cryptocurrencies.
The final vote was 222-209, with 216 Republicans and six Democrats voting in favor of the funding measure, which will last until the end of January 2026.
Just this week, the Senate Agriculture Committee released an initial bill for its portion of key market structure legislation that would define the role of the Commodity Futures Trading Commission in overseeing cryptocurrency spot markets, and also scheduled a confirmation hearing for Mike Selig, Trump’s nominee to head that agency.
The restart also allows federal regulators to resume their work around cryptocurrencies and other areas, including the Securities and Exchange Commission and the CFTC, whose staff were furloughed during the shutdown. While a group of companies that filed applications to list and trade shares of new exchange-traded funds have begun using a procedural solution to launch projects without needing explicit approval from the SEC, the restart will accelerate the path to approval of other public listings and similar products.
Other federal agencies such as the IRS or the Office of the Comptroller of the Currency may similarly resume ongoing efforts to conduct rulemaking and analyze feedback to those proposals, such as current public responses to rulemaking tied to the GENIUS Act.
Read more: US government shutdown extends to record 36 days, risk of derailing cryptocurrency bill continues
